measure the economic growth of a country? Experts have proposed many techniques to assess the economic progress of a country. One of these techniques is to calculate the sum of all the goods and services produced in the country which is known as gross domestic product (GDP). The indicator was created in the wake of great depression in 1930s and still is used to measure individual countries’ economic performance. But now most of the economists claim that GDP alone cannot reflect the economic performance
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THE THESIS Using cross-country data‚ I examine how foreign aid affects economic growth in developing countries over the period from 1975 to 2000. I find evidence that foreign aid significantly and negatively correlates with growth in developing countries. However‚ foreign aid to inland countries as well as to South Asian countries during the period of 1992-2000 is found to have a positive impact on growth. In addition‚ a strong divergence trend is found among countries in the data set. The results
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[pic] Economic Growth Of Pakistan Submitted to: Sir Ali Zaidi Final Project Agha Hashim 1011310 Owais Sadiq 1011291 Talha Adnan 1011210 Syed Ali Kamran 0911307 Saddam Abdullah 0811215 ECONOMIC GROWTH OF PAKISTAN Introduction: Pakistani economy grew at a fairly impressive rate of 6 percent per year through the first four decades of the nation’s existence. In spite of rapid population
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Corruption and Economic Growth This brief overview analyzes corruption and its relationship to economic growth. The brief continues to consider the idea of economist Amartya Sen that development means more than economic growth. Additionally‚ provided‚ a quick risk analysis of two countries where corruption is common everyday practice. Corruption and Economic Growth Relationship What is the relationship between corruption in a country and economic growth? Answer this question. Research indicates
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WHAT EXTENT THE DEVELOPING COUNTRIES DEPEND ON THE INDUSTRIAL COUNTRIES FOR ECONOMIC GROWTH AND DEVELOPMENT. A developing country‚ also called a less-developed country (LDC)‚ is a nation with a low living standard‚ undeveloped industrial base‚ and low Human Development Index (HDI) relative to other countries. Meanwhile‚ an industrial country also known as developed country or "more developed country" (MDC)‚ is a sovereign state that has a highly developed economy and advanced technological infrastructure
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China’s Successful Economic Growth China may share some economic growth patterns with Japan‚ Korea‚ and Taiwan due to cultural similarities‚ geographic location‚ similar economic development strategies‚ or‚ in the case of Japan‚ relatively large size of the domestic economy. China’s economic growth is expanding at a great pace‚ while other countries may be at a standstill. China has been the world ’s fastest-growing economy. One of the main stimuli twelve years ago was the release of Hong Kong
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This essay examines the relationship between inequality and economic growth and whether they are compatible or not. First‚ definitions of economic inequality and how it is measured will be presented‚ then the US’ examples will be taking into consideration when it eventually will be discussed how to boost economic growth and minimizing inequality at the same time There are many different views on inequality and how serious it should be taken. Inequality has been on the agenda of societal debates
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Mariam Kenyab “Economic growth is the raise in price of the goods and services created by an economy.” (GDP Growth Definition‚ n.d.‚ para1). It is measured by the percent rate of increase and calculated in real terms‚ for example: inflation- adjusted terms to net in the result of inflation on the price of the goods and services produced. The GDP per capita is frequently used as a pointer as the average of living for individuals in a specific area‚ and economic growth means the increase in
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and transition economies have embarked on extensive privatization programmes in the last one and a half decades or so‚ as a means of fostering economic growth‚ attaining macroeconomic stability‚ and reducing public sector borrowing requirements arising from corruption‚ subsidies and subventions to unprofitable SOEs. By the end of 1996‚ all but five countries in Africa had divested some public enterprises within the framework of macroeconomic reform and liberalization. Yet despite the upsurge in research
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Governor Central Bank of Nigeria GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Convocation Lecture delivered at the Igbinedion University Eighth Convocation Ceremony‚ Okada‚ Edo State‚ November 26‚ 2010 GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria 1.0 INTRODUCTION Nigeria’s economic aspirations have remained that of altering the structure of production and consumption patterns‚ diversifying the economic base and reducing dependence
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